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Chandrasekaran appointed additional director on Tata Steel board

Popularly known as 'Chandra', the 54-year-old will take charge at the helm of Tata Sons, the main holding company of the salt-to-software conglomerate from February 21.

By PTI | Updated:
Chandrasekaran appointed additional director on Tata Steel board
NEW DELHI: Tata Steel today announced appointment of N Chandrasekaran as an Additional Director of the company with immediate effect.

"Nomination and Remuneration Committee met on January 13, 2017 and unanimously recommended the induction of N Chandrasekaran as a member of the board," Tata Steel said in a filing to BSE.

"Based on the above recommendation, the Board of Directors of the company unanimously approved the appointment of N Chandrasekaran as an additional director of the company with immediate effect," the filing said.

Also Read: All you wanted to know about Tata Sons' new boss

Over two months after the unceremonious sacking of Cyrus Mistry, $103-billion Tata Group had yesterday named TCS chief N Chandrasekaran as the new Executive Chairman of Tata Sons that saw a lot of bad blood recently in the country's most bitter boardroom battle.

Popularly known as 'Chandra', the 54-year-old will take charge at the helm of Tata Sons, the main holding company of the salt-to-software conglomerate from February 21.
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He was appointed as a director on the board of Tata Sons on October 25, 2016.

Chandrasekaran joined TCS in 1987 after completing his master's in computer applications from Regional Engineering College, Trichy, Tamil Nadu.
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Meet the man who will helm Ratan Tata's $116 bn group
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Of all the possible candidates, the credentials of TCS' N Chandrasekaran was hard to be ignored for panel. Chandrasekaran, 53, popularly called Chandra, heads the group's most valuable company.

And of all the chiefs of Tata companies, which is present in around 100 businesses, perhaps only JLR boss Ralph Speth, 61, a German, can claim to rival Chandra's performance.

TCS along with JLR are not only the cash cows of the group, but also the only two consistent performers in the group.
Of all the possible candidates, the credentials of TCS' N Chandrasekaran was hard to be ignored for panel. Chandrasekaran, 53, popularly called Chandra, heads the group's most valuable company. And ..
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Under his watch, TCS has jumped three fold from Rs 30,000 crore ($6.34 billion) in 2010 to Rs 1.09 lakh crore ($16.5 billion) in FY16. Profits also jumped more than three times from Rs 7,093 crore to Rs 24,375 crore.

TCS now accounts for 60% of the Tata Group's combined market cap of $116 billion, besides contributing 70% to Tata Sons’ revenue, which comes from dividends of its listed entities.
Under his watch, TCS has jumped three fold from Rs 30,000 crore ($6.34 billion) in 2010 to Rs 1.09 lakh crore ($16.5 billion) in FY16. Profits also jumped more than three times from Rs 7,093 crore to..
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Chandra has also proved to be an able leader, often departing from established norms.

For instance, he broke down what was once a monolith into 23 business units to make service delivery, operations and execution work smoothly for the company. Later, he consolidated the units under eight groups, the heads of which report to him.

The strategy of creating small, focused business units was replicated by competitor Infosys this year.
Chandra has also proved to be an able leader, often departing from established norms. For instance, he broke down what was once a monolith into 23 business units to make service delivery, operations..
Read More
Chandra also has international exposure and familiarity with global economic conditions, according to Tata insiders. TCS counts some of the largest global companies among its clients such as GE, JP Morgan, Wal Mart, Home Depot, Quantas, Electronic Arts, ABB, Cisco and Vodafone, among others.

For a sprawling business group like Tata, for which the international market still accounts for two third of overall revenues at $70 billion, that could be handy.
Chandra also has international exposure and familiarity with global economic conditions, according to Tata insiders. TCS counts some of the largest global companies among its clients such as GE, JP M..
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Chandra, who is a regular at many global marathons, is also a hands-on leader and has a reputation for a sound cross-industry, cross vertical grip. Starting as a software programmer in 1987 at TCS, he has risen steadily at TCS. He was elevated to the TCS Board and named COO in 2007.

He led the company to one of its largest acquisitions—Citigroup’s back office— for $500 million in 2008. He remains one of the youngest CEOs of the Tata Group.

TCS, whose exports reached landmarks of $10 billion and $15 billion under his watch, is set to scale $20 billion sales in the next few years. In September 2014, Chandra got a five year extension as TCS boss.
Chandra, who is a regular at many global marathons, is also a hands-on leader and has a reputation for a sound cross-industry, cross vertical grip. Starting as a software programmer in 1987 at TCS, h..
Read More
And despite his hectic schedule at TCS, Chandra has emerged as an statesman of the IT industry in India.

During his chairmanship of industry lobby group Nasscom in 2012, he set the industry's vision 2020. Sangita Gupta, senior VP, Nasscom, says Chandra has the perfect combination of operations and vision.

"Despite a demanding schedule at TCS, he made himself frequently available for industry activities."
And despite his hectic schedule at TCS, Chandra has emerged as an statesman of the IT industry in India. During his chairmanship of industry lobby group Nasscom in 2012, he set the industry's vision..
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